APEC leaders divided after US, China spat

Leaders wave as they pose for a “family photo” during the Asia-Pacific Economic Cooperation (APEC) Summit in Port Moresby on Nov 18, 2018. (Photo: AFP/Saeed Khan) For the first time in the history of the APEC grouping, leaders were unable to agree on a formal written declaration amid sharp differences over trade policy. “The leaders agreed that instead of a traditional leaders’ declaration, they would leave it to the hands of PNG as the chair to issue a chair statement on behalf of all the members,” said Zhang Xiaolong, a spokesman from the Chinese foreign ministry. Canada’s Prime Minister Justin Trudeau admitted there were “different visions on particular elements with regard to trade that prevented full consensus on a communique document.” The annual gathering, held for the first time in Papua New Guinea, was overshadowed by speeches from Chinese President Xi Jinping and US Vice President Mike Pence, which appeared to represent competing bids for regional leadership. Pence warned smaller countries not to be seduced by China’s massive Belt-and-Road infrastructure programme, which sees Beijing offer money to poorer countries for construction and development projects. The “opaque” loans come with strings attached and build up “staggering debt”, Pence charged, mocking the initiative as a “constricting belt” and a “one-way road”. He urged nations instead to stick with the United States, which doesn’t “drown our partners in a sea of debt” or “coerce, corrupt or compromise your independence”. In a speech to business leaders just minutes before Pence, Xi insisted the initiative… [Read full story]